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Side-by-side financial comparison of Fossil Group, Inc. (FOSL) and IDEX Corporation (IEX). Click either name above to swap in a different company.

IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $270.2M, roughly 1.5× Fossil Group, Inc.). IDEX Corporation runs the higher net margin — 30.1% vs -14.8%, a 44.9% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -21.1%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-22.5M). Over the past eight quarters, Fossil Group, Inc.'s revenue compounded faster (-11.4% CAGR vs -29.4%).

Fossil Group, Inc., is an American fashion design and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.

IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.

FOSL vs IEX — Head-to-Head

Bigger by revenue
IEX
IEX
1.5× larger
IEX
$398.4M
$270.2M
FOSL
Growing faster (revenue YoY)
IEX
IEX
+37.7% gap
IEX
16.7%
-21.1%
FOSL
Higher net margin
IEX
IEX
44.9% more per $
IEX
30.1%
-14.8%
FOSL
More free cash flow
IEX
IEX
$108.5M more FCF
IEX
$86.0M
$-22.5M
FOSL
Faster 2-yr revenue CAGR
FOSL
FOSL
Annualised
FOSL
-11.4%
-29.4%
IEX

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
FOSL
FOSL
IEX
IEX
Revenue
$270.2M
$398.4M
Net Profit
$-40.0M
$120.0M
Gross Margin
49.0%
99.9%
Operating Margin
-8.0%
43.3%
Net Margin
-14.8%
30.1%
Revenue YoY
-21.1%
16.7%
Net Profit YoY
-257.8%
25.7%
EPS (diluted)
$-0.76
$1.61

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FOSL
FOSL
IEX
IEX
Q2 26
$398.4M
Q1 26
$407.7M
Q4 25
$270.2M
$899.1M
Q3 25
$220.4M
$878.7M
Q2 25
$233.3M
$865.4M
Q1 25
$814.3M
Q4 24
$342.3M
$862.9M
Q3 24
$287.8M
$798.2M
Net Profit
FOSL
FOSL
IEX
IEX
Q2 26
$120.0M
Q1 26
$128.3M
Q4 25
$-40.0M
$128.3M
Q3 25
$-2.1M
$127.8M
Q2 25
$-17.9M
$131.6M
Q1 25
$95.5M
Q4 24
$-11.2M
$123.2M
Q3 24
$-31.9M
$119.1M
Gross Margin
FOSL
FOSL
IEX
IEX
Q2 26
99.9%
Q1 26
94.9%
Q4 25
49.0%
43.1%
Q3 25
57.5%
44.5%
Q2 25
61.3%
45.3%
Q1 25
45.3%
Q4 24
53.9%
42.5%
Q3 24
49.4%
44.3%
Operating Margin
FOSL
FOSL
IEX
IEX
Q2 26
43.3%
Q1 26
45.0%
Q4 25
-8.0%
20.4%
Q3 25
3.9%
21.1%
Q2 25
-2.9%
21.7%
Q1 25
17.4%
Q4 24
-4.8%
19.2%
Q3 24
-8.5%
21.0%
Net Margin
FOSL
FOSL
IEX
IEX
Q2 26
30.1%
Q1 26
31.5%
Q4 25
-14.8%
14.3%
Q3 25
-1.0%
14.5%
Q2 25
-7.7%
15.2%
Q1 25
11.7%
Q4 24
-3.3%
14.3%
Q3 24
-11.1%
14.9%
EPS (diluted)
FOSL
FOSL
IEX
IEX
Q2 26
$1.61
Q1 26
$1.71
Q4 25
$-0.76
$1.71
Q3 25
$-0.04
$1.70
Q2 25
$-0.33
$1.74
Q1 25
$1.26
Q4 24
$-0.15
$1.61
Q3 24
$-0.60
$1.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FOSL
FOSL
IEX
IEX
Cash + ST InvestmentsLiquidity on hand
$79.2M
$586.2M
Total DebtLower is stronger
$169.1M
Stockholders' EquityBook value
$112.6M
$4.0B
Total Assets
$701.0M
$6.9B
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOSL
FOSL
IEX
IEX
Q2 26
$586.2M
Q1 26
$580.0M
Q4 25
$79.2M
$580.0M
Q3 25
$109.9M
$593.8M
Q2 25
$78.3M
$568.2M
Q1 25
$594.1M
Q4 24
$123.6M
$620.8M
Q3 24
$106.3M
$633.2M
Total Debt
FOSL
FOSL
IEX
IEX
Q2 26
Q1 26
Q4 25
$169.1M
$1.8B
Q3 25
$165.6M
$1.9B
Q2 25
$167.2M
$1.9B
Q1 25
$2.0B
Q4 24
$162.7M
$2.0B
Q3 24
$173.4M
$2.1B
Stockholders' Equity
FOSL
FOSL
IEX
IEX
Q2 26
$4.0B
Q1 26
$4.0B
Q4 25
$112.6M
$4.0B
Q3 25
$150.3M
$4.0B
Q2 25
$140.6M
$4.0B
Q1 25
$3.9B
Q4 24
$148.7M
$3.8B
Q3 24
$164.4M
$3.8B
Total Assets
FOSL
FOSL
IEX
IEX
Q2 26
$6.9B
Q1 26
$6.9B
Q4 25
$701.0M
$6.9B
Q3 25
$704.5M
$7.0B
Q2 25
$686.0M
$6.9B
Q1 25
$6.8B
Q4 24
$763.6M
$6.7B
Q3 24
$812.4M
$7.0B
Debt / Equity
FOSL
FOSL
IEX
IEX
Q2 26
Q1 26
Q4 25
1.50×
0.45×
Q3 25
1.10×
0.48×
Q2 25
1.19×
0.46×
Q1 25
0.50×
Q4 24
1.09×
0.52×
Q3 24
1.06×
0.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FOSL
FOSL
IEX
IEX
Operating Cash FlowLast quarter
$-22.2M
Free Cash FlowOCF − Capex
$-22.5M
$86.0M
FCF MarginFCF / Revenue
-8.3%
21.6%
Capex IntensityCapex / Revenue
0.1%
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.0M
$654.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOSL
FOSL
IEX
IEX
Q2 26
Q1 26
Q4 25
$-22.2M
$209.5M
Q3 25
$9.4M
$203.5M
Q2 25
$-60.4M
$161.7M
Q1 25
$105.7M
Q4 24
$30.5M
$172.6M
Q3 24
$-22.8M
$205.3M
Free Cash Flow
FOSL
FOSL
IEX
IEX
Q2 26
$86.0M
Q1 26
$189.8M
Q4 25
$-22.5M
$189.8M
Q3 25
$8.6M
$188.7M
Q2 25
$-60.6M
$146.9M
Q1 25
$91.4M
Q4 24
$28.5M
$157.1M
Q3 24
$-24.1M
$191.6M
FCF Margin
FOSL
FOSL
IEX
IEX
Q2 26
21.6%
Q1 26
46.6%
Q4 25
-8.3%
21.1%
Q3 25
3.9%
21.5%
Q2 25
-26.0%
17.0%
Q1 25
11.2%
Q4 24
8.3%
18.2%
Q3 24
-8.4%
24.0%
Capex Intensity
FOSL
FOSL
IEX
IEX
Q2 26
4.4%
Q1 26
15.6%
Q4 25
0.1%
2.2%
Q3 25
0.4%
1.7%
Q2 25
0.1%
1.7%
Q1 25
1.8%
Q4 24
0.6%
1.8%
Q3 24
0.4%
1.7%
Cash Conversion
FOSL
FOSL
IEX
IEX
Q2 26
Q1 26
Q4 25
1.63×
Q3 25
1.59×
Q2 25
1.23×
Q1 25
1.11×
Q4 24
1.40×
Q3 24
1.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FOSL
FOSL

Transferred At Point In Time$109.7M41%
Traditional Watches$91.3M34%
Other$50.8M19%
Leathers$9.5M4%
Jewelry$4.0M1%
Smartwatches$3.3M1%
Products Other$1.6M1%

IEX
IEX

Segment breakdown not available.

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